Notes

For Huge Profits, Scalp The Forex Market
X's inside of a box mean that the chart and prices are rising, while O's inside of a particular box mean the opposite, that the chart and prices and falling.

bitcoin bullish Relative Strength Index.The mostly used marks on RSI are 30 and 70.A price rise above 70 is usually indicative of an overbought situation, while a drop below 30 indicates an out-of-control situation.

Rising Windows ? This is a gap of two days that indicates a bullish trend for the near-term. It is simply a gap in trading between two days. The gap becomes a critical support area. It is valid only if the lower shadow does NOT meet or overlap with the upper shadow of previous day.

The neckline candlestick pattern known as the in neck pattern is formed if the closing market price on the second-day is very close the closing market price on day one. It is also known as the in neck design if the closing value on the setup day is lower than that on the second.

Bullish and Bearish Engulfing Patterns are another candlestick trend reversal patterns. A Bullish Engulfing Pattern is when a candlestick bars opens lower than the previous candlesticks' close and closes taller than the previous candlesticks' open.

You might also notice numbers or letters in certain columns. These represent the individual months. January through September are represented using the numbers 1 to 9, while October, November, December and December are represented using A, B, C, respectively. A,B and C are used in the latter months just due to the fact that 2 digit numbers would not fit without distorting the spacing between the vertical columns on the chart.

Let's discuss the Bearish Meeting Line, a trend-reversal candlestick. A bullish candle will be visible on the first day, or what you refer to as the setup day. This indicates that heavy buying occurred throughout the day. The gap will open on the second day, which you can call the signal day. click here to start selling that continues throughout the day. This will create a long bearish candle, or what you refer to as the signal day. This long bearish candle should have a close very near the open of the low of the day as well as the close should be very near to the close on the first or what you call the setup day. This is a Bearish Meeting Line Trend Reversal Pattern. It is a sign that the trend is on the verge of reversing soon.
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